Wednesday, February 29, 2012

Wyoming Preparing For John Galt Scenario

The national debt is close to $15 trillion. Most of the civilized world, including China, has heavily mortgaged the future to pay for the present.

Wyoming's House of Representatives has taken up a bill to fund a committee to create contingency plans in case of national collapse. “I don’t think there’s anyone in this room today what would come up here and say that this country is in good shape, that the world is stable and in good shape — because that is clearly not the case,” state Rep. Lorraine Quarberg, R-Thermopolis stated.

Representatives backing the proposal have requested $16,000 to fund the operations of a committee that would explore continuity plans should the federal government collapse. These would include a Wyoming issued state currency and laws to enable the function of commerce.

It would not be a bad idea for West Virginia to start looking at continuity plans, too. In a doomsday scenario, the Mountain State would be worse off than Wyoming, due to its proximity to major metropolitan areas and the likelihood of having to absorb panicked refugees.